The 21-year-old company, which operates another Alabama store at The Summit in Birmingham, sells handbags, clothing, shoes, jewelry, eyewear, stationary, fragrances, home furnishings and gifts. Kate Spade New York currently has 80 retail shops and outlet stores in the U.S. and 100 internationally.

Forbes reported earlier this month that Kate Spade & Company had $266 million in second-quarter revenue – a 48.7 percent year-over-year jump. The company's net loss for the same period was $14 million.